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maybe they should join spending anonymous. >> fiscal cliff frustration. the fate of your next paycheck sits with the house of representatives. the senate passed a bill early this morning, but the house republicans, including the majority leader say that they need to see more spending cuts on the table. vice president joe biden is trying to broker a deal in the house the same way he did in the senate. reporter danielle nottingham with more. >> reporter: house gop members left closed
maybe they should join spending anonymous. >> fiscal cliff frustration. the fate of your next paycheck sits with the house of representatives. the senate passed a bill early this morning, but the house republicans, including the majority leader say that they need to see more spending cuts on the table. vice president joe biden is trying to broker a deal in the house the same way he did in the senate. reporter danielle nottingham with more. >> reporter: house gop members left closed
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cliff package. >> the ayes are 89, the nays are 8. >> reporter: then came daylight. and gop lawmakers hit a complaint from their own house republicans who expected to see some spending cuts. >> there's no spending cuts. we're adding $4 billion a day to the debt. >> i thought we were in a deficit crisis. i thought our families were being put at risk by this massive debt. what does this do about that? >> reporter: reducing the federal deficit was supposed to be at the heart of any deal, with serious spending cuts. in a gesture, the senate did cancel congressional pay raises but put off bigger action with a two-month delay of automatic government cuts to the military and federal program. the package would actually add more debt, when you count critical needs like extending unemployment benefits for one year, without making cuts to pay for them. house democratic leaders say they will work on cuts later but preventing income tax hikes is needed now. >> i think we've made gigantic progress. >> reporter: while middle class families keep their current tax rates, brace yourse
cliff package. >> the ayes are 89, the nays are 8. >> reporter: then came daylight. and gop lawmakers hit a complaint from their own house republicans who expected to see some spending cuts. >> there's no spending cuts. we're adding $4 billion a day to the debt. >> i thought we were in a deficit crisis. i thought our families were being put at risk by this massive debt. what does this do about that? >> reporter: reducing the federal deficit was supposed to be at...
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we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox tea
we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live...
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that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there things in this bill that i don't like. there are things in this bill that i don't like. but i recognize that none of us get to have things 100% of our way. and the difference between divided government and dysfunctional government is a willingness to compromise. and compromise is in very short supply today in the house republican caucus. >> suarez: representative van hollen you heard your colleague tom cole talk about deep misgivings inside the republican caucus. aren't there members of your party who are not overjoyed with what came out of the senate last night? where the dividing lines am
that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there...
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tense new year for john boehner as he meets with fellow republicans whether to okay the fiscal cliff bill passed overwhelmingly by the senate. >> the yeas are 89. the nays are 8. >> gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. that's pair muff. some have principled opposition. you also have to be practical on what's the best deal you can get given the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we will have a vote in the house. that is what he sped. that's what we expect and that's what the american people deserve. >> to forge a constructive so
tense new year for john boehner as he meets with fellow republicans whether to okay the fiscal cliff bill passed overwhelmingly by the senate. >> the yeas are 89. the nays are 8. >> gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. that's pair muff. some have principled opposition. you also have to be practical on what's the best deal you can get given the circumstances. >>...
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. ♪ >>> house republicans staged a new year's day revolt against the senate bill to avoid the fiscal cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the g
. ♪ >>> house republicans staged a new year's day revolt against the senate bill to avoid the fiscal cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier...
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fiscal cliff talks. critical time, really in the next hour or so, whether or not we'll have this deal. diane? >> rich if they do amend it and send it to the senate. the senate is scheduled to return at noon tomorrow. thursday at noon there is new congress this whole thing expires. how realistic they get something done and they do amend it and send it to the senate? >> exactly the senate would have to take it up tomorrow. one you play with the proposal, once remove smallest piece of this, democrats say republicans are going back on their deal. senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon.
fiscal cliff talks. critical time, really in the next hour or so, whether or not we'll have this deal. diane? >> rich if they do amend it and send it to the senate. the senate is scheduled to return at noon tomorrow. thursday at noon there is new congress this whole thing expires. how realistic they get something done and they do amend it and send it to the senate? >> exactly the senate would have to take it up tomorrow. one you play with the proposal, once remove smallest piece of...
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some house republicans have real problems with the senate's fiscal cliff compromise. and time is running out. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
some house republicans have real problems with the senate's fiscal cliff compromise. and time is running out. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
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republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting married. seven couples tied the note early this morning. they were the force to take advantage of the new law legalizing same-sex marriage. and same-sex marriage is recognized in nine states. there are many other new laws that go sby effect today. we break down some of the new intrigues new laws. >> in california driverless car ace allowed on the highways. a human still had has to be in the passenger seat and californians can use their smartphones to prove they have insurance. >> it is a wonderful thing. if you have your insurance with you all the time, we have our drivers license on ther
republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting...
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the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check out people, and i suspect other levels than that. people are tuned into the news media or entertainment media. they call it the fiscal cliff, so that it appears to be in niagara falls with money running over it. more of a gradual slope, but we have to stop this downward slope that we are on. it is important that we do that. this is the body that can do that. congress can do that. we do a war of words around here, this protecting the ridgc. h the problem goes into the definition of rich, and that is a hard one to explain. any attempt t
the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check...
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our big story, america has gone over the fiscal cliff. now the country awaits a vote in congress. >> there was a plan from the senate, but the republican- controlled house has yet to vote on the deal. jennifer johnson has the details. >> a tense new year for house speaker john boehner as he meets with fellow republicans over whether to ok the fiscal cliff bill passed overwhelmingly by the senate. >> gop leaders have not agreed to allow the house to vote or amended the bill. >> i think more members want this to pass them and are willing to vote for it. you have to be practical about what is the best thing you can do given the circumstances. >> vice president joe biden back >> vice president joe biden back on the hill
our big story, america has gone over the fiscal cliff. now the country awaits a vote in congress. >> there was a plan from the senate, but the republican- controlled house has yet to vote on the deal. jennifer johnson has the details. >> a tense new year for house speaker john boehner as he meets with fellow republicans over whether to ok the fiscal cliff bill passed overwhelmingly by the senate. >> gop leaders have not agreed to allow the house to vote or amended the bill....
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all three options remain on capitol hill already beyond the fiscal cliff. diane. >> rich, these are big names coming out so far. congressman issa no small fry there we also heard from eric cantor that he is against the bill. how damning is it that top republicans are coming out saying they're opposed to deal? >> that is very problematic. that could be a situation where a number about republicans say, look we have tax rates that have gone up. it is beyond january 1st, midnight. what this represents, this proposal is a tax cut, a major tax cut, basically for anybody, any family making less than $450,000 a year. on top of that, you also got this next round upcoming that of a debt ceiling fight. there are republicans like senator lindsey graham who are saying look, make sure you take the debt ceiling fight with your spending cuts, for the spending cut fight. why don't we make sure we cut taxes now and move onto that next round? that is a feeling among a number about republicans here. you have a significant amount of democrats, perhaps who could potentially come
all three options remain on capitol hill already beyond the fiscal cliff. diane. >> rich, these are big names coming out so far. congressman issa no small fry there we also heard from eric cantor that he is against the bill. how damning is it that top republicans are coming out saying they're opposed to deal? >> that is very problematic. that could be a situation where a number about republicans say, look we have tax rates that have gone up. it is beyond january 1st, midnight. what...
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. >> reporter: after the senate's late night fiscal cliff drama, now it's time for the house to have its say. the big question. are there enough republican votes to pass it? today house speaker john boehner huddled behind closed doors with his caucus and there was universal concern. house minority leader nancy pelosi said boehner needs to allow for a straight up or down vote to the senate bill, no changes. >> our speaker has said when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> reporter: early this morning the senate passed overwhelming bipartisan support that would extend the deal that would prevent tax hikes on estates more than $5 million and extend unemployment benefits for some 2 million people. since congress missed the deadline last night, technically the country has already gone over the fiscal cliff. the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could h
. >> reporter: after the senate's late night fiscal cliff drama, now it's time for the house to have its say. the big question. are there enough republican votes to pass it? today house speaker john boehner huddled behind closed doors with his caucus and there was universal concern. house minority leader nancy pelosi said boehner needs to allow for a straight up or down vote to the senate bill, no changes. >> our speaker has said when the senate acts, we will have a vote in the...
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i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst members in today's meetings. conversations will continue throughout the afternoon on the path forward. outgoing republican congressman steven latourette told nbc's luke russert the senate bill did not stand much of a bill in the house. take a listen. >> i think it's a little unreasonable for senator reid to say that something they produced on new year's eve, produced by a bunch of sleep-deprived octogenarians is what we should adopt within 48 hours. >> laetset's bring in mike viqu. we understand there have been meetings throughout the afternoon. >> reporter: the future of this bill, the
i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst...
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cliff. we'll have updates on our website, wusa9.com and the latest tonight on 9 news at 6:00, 7:00, and 11:00. >>> same-sex marriages got underway in earnest today, all across maryland. a wide cross of people are tieing the knot. among them more than half a dozen couples who literally lined up to wed at a water front end on maryland's eastern shores. our scott broom reports. >> reporter: at the black walnut point in, couples nervously prepared for the ceremonies and the wedding photographer scramble. a couple who wedded at midnight after a 15-year relationship and previous marriage to men came on to cheer the others in just married hats. >> it was magical. >> we are gathered here today to celebrate love. the love that has been freely given to us. >> reporter: clayton and wayne of baltimore stood under a water front gazebo to exchange vows cementing a six-year relationship. >> i now pronounce you married, you may kiss your spouse. >> yay! [ applause ] >> reporter: that was kick to be through
cliff. we'll have updates on our website, wusa9.com and the latest tonight on 9 news at 6:00, 7:00, and 11:00. >>> same-sex marriages got underway in earnest today, all across maryland. a wide cross of people are tieing the knot. among them more than half a dozen couples who literally lined up to wed at a water front end on maryland's eastern shores. our scott broom reports. >> reporter: at the black walnut point in, couples nervously prepared for the ceremonies and the wedding...
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the big story here today: real questions at this hour about whether the senate passed fiscal cliff legislation will make it out of the house in one piece. moments ago, you are looking at video of house speaker john boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p. lawmakers are suggesting they may amend that bill and send it back to the senate. we'll explain what that means when we have live reports on both sides of pennsylvania avenue. potennial market reaction to the late moves. at the white house, president obama's plane but gassed up and ready to go back to hawaii. but with no vote and no communication with boehner, what now? "special report" from washington with all the fiscal cliff latest starts at 6:00. now back to "the five." ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to
the big story here today: real questions at this hour about whether the senate passed fiscal cliff legislation will make it out of the house in one piece. moments ago, you are looking at video of house speaker john boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p....
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cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there is no deal and it doesn't vote favorably in the house and the president doesn't sign the bill, watch the stock market. >> is this whatever happens do you get the sense, this is going to be a short-term solution until we get to this february debt ceiling? >> oh, absolutely. the debt ceiling is going to make this look like kindergarten. >> fox 5 political analyst. >> another big story we are following don't same sex marriage in maryland it's now officially legal for couples to wed. and what a way to start the
cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there...
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the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house republican leaders are still huddling but they announced that they are going to call republicans back together. perhaps that is because they have an idea of the the game plan that they want to pursue after they heard for about an hour and a half this afternoon from their rank and file by all accounts there certainly is a lot of interpret pi dags and voting to simply approve what the senate passed last night not only overwhelmingly, 90% of the senate voted for it, but it passed overwhelmingly among the fellow republicans. again, the percentage is about 90% of senate republicans voted in favor of t
the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house...
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okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the r
okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over...
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cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
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we can either move forward in a bipartisan way, hand in hand, to avert the fiscal cliff or our republican colleagues could help lead us off that cliff. we hope that's not the case. >> questions? >> if i can ask -- >> i think you were first. >> can i just ask what are your spies on the other side in a sense telling you how it is going over there? you have to count heads with them as well. >> i am not stipulating to any charktization to any information we receive from our friends in the press. i really have no idea. >> -- to try to prove this. what are you hearing from the other side? >> i think your question is better addressed to the republicans coming out of their conference. we just came out of ours, and we know what you tell us as to what is coming out of theirs. >> we haven't had an opportunity to talk to their leadership at this point in time. >> you said a moment ago you would prefer a straight up or down vote on that. >> absolutely. >> is that because of the time, or is that because it is a deal brokered by the vice president? >> no, it was a bill that was passed in the united stat
we can either move forward in a bipartisan way, hand in hand, to avert the fiscal cliff or our republican colleagues could help lead us off that cliff. we hope that's not the case. >> questions? >> if i can ask -- >> i think you were first. >> can i just ask what are your spies on the other side in a sense telling you how it is going over there? you have to count heads with them as well. >> i am not stipulating to any charktization to any information we receive...
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. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also gave us a very thoughtful and detailed explanation of what's gone on, and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly, so frank in his conversation with us in explaining as much as he could about what's transpired over the last several weeks. we now are waiting to hear from our republican colleagues, whether or not they want to do what the senate did in a very bipartisan fashion and give the men people an opportunity to
. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also...
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we can either move forward in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove this, what are you hearing from the other side, anything? >> what your question is better addressed to the republicans coming out of their conference. we just came out of hours and we know what you tell us as to what is coming out of their caucus. >> we have not had an opportunity to talk to the leadership at this point. >> you have said you preferred a straight up or down vote, is that because of the time were that because of the vice president? >> it was a bill passed in the united states senate 89-8. tell me when you have had that on a measure as controversial as this. >> they had troubles with that one almost to
we can either move forward in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove...
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house republicans are in the spotlight at this hour as they decide their next move regarding fiscal cliff negotiations. tara joins us live from the news room to tell us how they're meeting behind closed doors. >> this is new year's data na that climaxed when the senate endorsed compromise legislation by 89 to 8. >> as amended his past. >> that came hours after president joe biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out
house republicans are in the spotlight at this hour as they decide their next move regarding fiscal cliff negotiations. tara joins us live from the news room to tell us how they're meeting behind closed doors. >> this is new year's data na that climaxed when the senate endorsed compromise legislation by 89 to 8. >> as amended his past. >> that came hours after president joe biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across...
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house speaker john boehner is promising a quick vote on the "fiscal cliff" bill passed early this morning in the senate or an amended alternative. boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol hill is quiet right now after an unprecedented late night. normally these halls would stay empty on new year's day but both the house and senate are in session with billions of dollars in spending cuts and tax increases on t
house speaker john boehner is promising a quick vote on the "fiscal cliff" bill passed early this morning in the senate or an amended alternative. boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones...
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>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the managing editor of the online journal the hill. and, so, bob what is the latest word you have as to what is going on and whether in fact john boehner can get his people together to vote for this? >> well, it is going to be very difficult. house republicans don't like the senate passed bill, even though it passed 89-8. it looks like the house will pass something to return it back to the senate. they'll amend it in some way, it looks like, because they don't like this $4 trillion price tag that just came out over the last ten minutes, cbo just released that. and this is just a tough vote for house conserva
>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the...
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they are waiting to reconvene to take up the fiscal cliff deal. after the gop meeting, we may learn when the house might vote on the deal and when republicans might amend it. house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good decisions as a society. we saw the angry faces of reaction to demographic change in the beginning. the people bringing guns to political events. the faces of hatred in the birther mularkey. the dog whistling whether it was about the president or his surrogate, susan rice. guess what? none of it worked. it just didn't. who would have known how powe
they are waiting to reconvene to take up the fiscal cliff deal. after the gop meeting, we may learn when the house might vote on the deal and when republicans might amend it. house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now...
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on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security now
on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that...
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i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a team on behalf of the american people and for showing the extent of patience that they've had to show over these last couple of months and certainly since august of 2011. there's about an a great deal of patience, and i think as the meeting has begun with the vice president he was appropriately respectful of how challenging an effort this was, but more importantly, how important this was for the american people and the trust that was given to him by the president and leader reid to engage with jord leader mcconnell who had heretofore, if you will, joined with the chorus of naysayers not wanting to do figure.
i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a...
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a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal. >> looking at live pictures of that taking place there. we'll bring you back to get behind the scenes from the gym but also from the floor and whether or not there's anything that's going to come of these meetings, whether or not there's a vote on the house side. there were eight senators who voted against that compromise measure, the opposition coming from both parties yet senate democrats tom harkin, tom carper and michael bennet voting no. so did mike lee, richard shelby, rand paul, chuck %a#zgrassley, o rubio, a tiny minority. the senate passed the fiscal cliff deal with an overwhelming bipartisan
a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal....
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. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time....
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is the most important meeting of the entire fiscal cliff saga. why and what can we expect to happen? >> it's the most important meeting, mara, because there is a chance, not saying it's a great chance, but a very -- it is very alive if you will that this bill could be struck down. the house republican conference is not totally sold on it. why? some conservative outside groups are against it. a lot of folks in the house republican caucus come from republican districts and are always worried about a primary challenger. speaker boehner, eric cantor have not been overly supportive so far. they reserve the right to amend it. there are three options. we could all hold hands and jump off into the deep end together. that would be the house republican conference approving of this bill, at least enough of them joining the democrats to move it forward. you could also see house republicans try to amend it. that's what tom cole is talking about on your air. he doesn't think that would happen and doesn't want that to happen but it certainly is a possibility if
is the most important meeting of the entire fiscal cliff saga. why and what can we expect to happen? >> it's the most important meeting, mara, because there is a chance, not saying it's a great chance, but a very -- it is very alive if you will that this bill could be struck down. the house republican conference is not totally sold on it. why? some conservative outside groups are against it. a lot of folks in the house republican caucus come from republican districts and are always...
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as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in the coming hours as people try to sell this over in the house. house republicans voted to extend all the bush tax cuts, but harry reid never took that up. and so this is the only vehicle possible to avoid a massive tax hike for the entire country, rick. rick: well, we'll see what happens over the next several hours, and i have a feeling you and i will be talking again throughout the day. happy new year to you, mike. see you again soon. heather: that final deal was hashed out by senate minority leader mitch mcconnell and vice president joe biden. here's the vice president on capitol hill last night just before t
as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in...
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thank you for joining us. >> thank you. >> as the details of the fiscal cliff deal were coming together monday republicans were expressing their displeasure with how the president was selling the compromise. it wasn't just the words he used at a monday afternoon news conference but the optics of the president literally standing with the middle class voters that upset some of them including his 2008 opponent senator john mccain. >> as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. we have the president of the united states go over and have a cheerleading, ridiculing of republicans exercise. >> joining us now are our strats chris cofinas and chip salzmann. thank you for being here on this new year's day. >> thank you. so, chris, i want to start with you. are these attacks on the president's news conference fair? did that photo op with voters really risk derailing a deal? >> well, there have been a lot of things that risk derailing a deal. the president going out there and using the bully pulpit to pressure republicans if you will to come
thank you for joining us. >> thank you. >> as the details of the fiscal cliff deal were coming together monday republicans were expressing their displeasure with how the president was selling the compromise. it wasn't just the words he used at a monday afternoon news conference but the optics of the president literally standing with the middle class voters that upset some of them including his 2008 opponent senator john mccain. >> as i sort out my impressions of the...
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what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the cost -- beginning of march, the cost of the delay, $24 billion. they will pay for that with spending cuts and new revenue that will all offset the -- the cost of delay. 89-8 an overwhelming vote. one other piece of information we also know that vice president biden will be back on the hill. he will
what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both...
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we need to put aside this legislation and take up the fiscal cliff legislation immediately. the senate has done its work and now it is our responsibility. the one thing we should not do is to let the market open tomorrow without the fiscal cliff being resolved. as i listen to my good friend, mr. fitzpatrick, talk about this provision with regard to making sure that members of congress not get their -- get a pay increase, i agree with him totally, i hope he will also join me when i vote for the legislation that has been sent over here by the senate since it contains that very, very important provision. with that i want to thank again the gentleman for yielding. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman reserves. gentleman from california. mr. issa: mr. speaker, the ranking member made a good point and in this body you should always go along with that which is true and oppose that which is false. the gentleman made an excellent point. we do have hundreds of thousands of hardworking federal employees. they deliver to the american people a g
we need to put aside this legislation and take up the fiscal cliff legislation immediately. the senate has done its work and now it is our responsibility. the one thing we should not do is to let the market open tomorrow without the fiscal cliff being resolved. as i listen to my good friend, mr. fitzpatrick, talk about this provision with regard to making sure that members of congress not get their -- get a pay increase, i agree with him totally, i hope he will also join me when i vote for the...
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♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president biden last night. among those voting in the affirmative, north dakota's republican senator john hoeven. senator hoeven, thank you for joining me. happy new year. >> happy new year, chris. >> you talked about the possibility for tax reform and social security reform. are you disappointed the senate couldn't come up with a bigger deal? >> i was pushing hard for a big deal that included tax reform, entitlement reform and savings, real savings to get on top of the deficit and the debt. but you know, we can't do the whole thing at once, let's get as much done as we can. we've got to move forward. this is a big step on the tax piece. more work to do. we've got to get after it. >> you're one of just a handful of congressional republicans who did not sign the norquist antitax pledge, but do you think that the fact that we technically went over the cliff gives house republicans who have
♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president biden last night. among those voting in the affirmative, north dakota's republican senator john hoeven. senator hoeven, thank you for joining me. happy new year. >> happy new year, chris. >> you talked about the possibility for tax reform and social security reform. are you disappointed the senate couldn't come up with a bigger deal?...
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the senate has reached a deal to avoid the fiscal cliff. >> stands in the hands of the republican controlled house where future remains uncertain. will john boehner and other house members approve of the plan as well? melanie is live this morning to tell us more about it. sure hope something can be reached. good morning. >> reporter: good morning, allison. we've just learned the house is going to convene at noon. but they are under no obligation to put this bill up for a vote today. we believe they are going to start picking apart pieces of this legislation to see exactly what is in a senate deal. could schedule it for a vote or decide to kick it back to the senate. there is hope there will be some action on it late today or early wednesday. the deal was approved by the senate after 2:00 in the morning on new year's day. income tax rates will remain the same for most americans. but individuals making 400,000 and couples making $450,000 will see their taxes go up. $109 billion in spending cuts, those have been delayed. also included in the package were fixes to the alternative tax and a compr
the senate has reached a deal to avoid the fiscal cliff. >> stands in the hands of the republican controlled house where future remains uncertain. will john boehner and other house members approve of the plan as well? melanie is live this morning to tell us more about it. sure hope something can be reached. good morning. >> reporter: good morning, allison. we've just learned the house is going to convene at noon. but they are under no obligation to put this bill up for a vote today....
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senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >> reporter: well there are a total of 876 new laws in the books in our state and one is designed to protect homeowners trying to avoid foreclosure. this new law would prevent banks from starting the foreclosure basis and it will protect people going through alone modification. and you can still go ahead with the for close to our some time. it is now illegal to use facebook user i.d. and password to keep their jobs. colleges and user add mixes are also prohibited in doing the same thing and can no longer ask the students. driver less cars, pay paves the way and they are a bay area
senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >>...
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fiscal cliff. the senate overwhelmingly passed the compromise measure earlier this morning and business correspondent christine romans is crunching the numbers to answer the big question, what does it mean to you? christine? >> oh it means so much to you whether you're a doctor or a teacher, a student, a parent, or working american or someone on unemployment benefits, this is a deal that reaches all corners of the population. in addition to dealing with the fiscal crisis, the senate deal would extend federal farm policies through september. that means milk prices won't double. the deal also nixed a set pay raise for members of congress. the white house scored an agreement to raise the tax rates on larger estates from 35% to 40%, but republicans successfully insisted the exemptions should be adjusted annually for inflation a provision that would increase the exemption amount to $7.5 million for individuals, $15 million for couples by the year 2020. those house holds would pay higher rates on investm
fiscal cliff. the senate overwhelmingly passed the compromise measure earlier this morning and business correspondent christine romans is crunching the numbers to answer the big question, what does it mean to you? christine? >> oh it means so much to you whether you're a doctor or a teacher, a student, a parent, or working american or someone on unemployment benefits, this is a deal that reaches all corners of the population. in addition to dealing with the fiscal crisis, the senate deal...
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is over the fiscal cliff. it has passed its first test in the senate with overwhelming support. >> of the house stands adjourned until noon tomorrow. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. that would add additional hundreds of billions of dollars to deficit reduction. so that is progress. but we will need to do more. >> but no one is claiming the bill is perfect. the sticking point is what to do about cuts in major government departments. the problem has been put off for now. on the taxation side, the president got nearly everything he wanted with republicans agreeing to raise taxe
is over the fiscal cliff. it has passed its first test in the senate with overwhelming support. >> of the house stands adjourned until noon tomorrow. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being...
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. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on collision, the accident happened near the river bridge on highway 12 east of rio vista. they have not released details about what caused the crash or if alcohol was involved. meanwhile law agencies are cracking down on drunk drivers and dui checkpoints were set up across the area and chp officers were patrolling the highways. the number of dui arrests were down compared to last year but new numbers for this year's crackdown should be released sometime today. >>> well new this morning, 2013 means california has certain new laws that take affect today. allie rasmus is joining us live from oakland with the details affected
. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on...
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we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending cuts that would have affected the military and most federal agencies. now, that will have an impact. it means that there will be future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new cong
we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending...
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caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that i
caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the...
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actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching. >> let's dive into the senate deal. what it does on the business side. popular tax breaks extended, including a credit for research, which benefits high-tech companies and appear an investment rightoff that helps manufacturers. the long-term unemployed receives emergency benefits for another year. doctors spared a 27% cut in medicare reimbursements set to take effect in january. the $30 billion cost would be cut by cutting other health care programs. >> and tim huelkamp, you and i got into a little dustup last night. brand new year, 2013. let's start over again. happy new year to you, sir. >> happy n
actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching....
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if the house of representatives backed the agreement, the worst of the fiscal cliff will be averted, but it is not the finest hour of washington. the biggest fights over the deficit are still to come. >> the iranian navy has tested in an ongoing navy drilled near the strait of hormuz. reportedly tested during naval exercises, 200 kilometers was the range of the weapons used. seven charity workers have been killed in a drive-by shooting in northwest pakistan. police say that they were shot dead when their van was ambushed by gunmen on motorbikes. all of the victims are said to be pakistani citizens. our correspondent is there. what more details do we have? what do we know about these kinds of attacks? >> western pakistan has had a lot of attacks over the years. they have not been known for attacks like this, but the sense we are getting is that this happened just a couple of hours ago and, as you say, this community center was part school, part health clinic. all of the dead worked there, six of them were women. their vehicle was sprayed with bullets by gunmen riding motorbikes. six o
if the house of representatives backed the agreement, the worst of the fiscal cliff will be averted, but it is not the finest hour of washington. the biggest fights over the deficit are still to come. >> the iranian navy has tested in an ongoing navy drilled near the strait of hormuz. reportedly tested during naval exercises, 200 kilometers was the range of the weapons used. seven charity workers have been killed in a drive-by shooting in northwest pakistan. police say that they were shot...
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a deal to avoid the fiscal cliff has been reached following a marathon session yesterday into the early morning hours into the new year. >> the plan avoids tax hikes for millionaires but faces uncertainly -- excuse me tax hikes for millions. but the republican control house has their power. melanie is live on capitol hill with more on this story now. good morning. >> reporter: good morning, allison. we understand the house is going to start considering the legislation today but house speaker john boehner and erik canter sent out messages last night saying they will not put this up for a vote until they, their members and the american people have had a chance to review it. we understand that vote possibly could happen late today or perhaps wednesday. in the deal, approved by the senate, income tax rates will stay the same. individuals making $400,000 and $450,000 will see their taxes rise. and $109 billion in spending cuts to domestic programs has been delayed two months. and alternative minimum tax and payments to medicare providers. senators say it is a less than perfect plan but it's
a deal to avoid the fiscal cliff has been reached following a marathon session yesterday into the early morning hours into the new year. >> the plan avoids tax hikes for millionaires but faces uncertainly -- excuse me tax hikes for millions. but the republican control house has their power. melanie is live on capitol hill with more on this story now. good morning. >> reporter: good morning, allison. we understand the house is going to start considering the legislation today but...
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senate has passed a deal to avoid the fiscal cliff. the white house reached an agreement with senate republicans late on monday on a deal to stop spending cuts from taking effect automatically. it's not just the fiscal cliff lawmakers have to worry about. the treasury department is taking steps to buy time. the vote to raise the debt ceiling sets the stage for another fight on capitol hill. doctors are confident hillary clinton will make a full recovery from a blood clot that formed inner hea her head. the clot did not cause neurological damage. >> gurd fax millions of americans and doctors say cases are on the rise. -- gurd effects millions of americans. donna hamilton has more. >> reflexing from the stomach into the esophagus. it is ok to have acid in your stomach but not in the esophagus. >> the doctor is talking about the reflux disease or gurd, treated most of the time with acid medications. >> in most situations, they work very well. you'll always have a small minority of patients that did not respond to acid medication alone. >>
senate has passed a deal to avoid the fiscal cliff. the white house reached an agreement with senate republicans late on monday on a deal to stop spending cuts from taking effect automatically. it's not just the fiscal cliff lawmakers have to worry about. the treasury department is taking steps to buy time. the vote to raise the debt ceiling sets the stage for another fight on capitol hill. doctors are confident hillary clinton will make a full recovery from a blood clot that formed inner hea...
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we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is protecting middle class families. >> this suhouldn't be the model for how we do things. but we can say we've done some good for the country. >> bush era tax cuts will remain in place for individuals earning less than 400,000, couples earning less than 450,000. unemployment benefits for 2 million americans would be extended for a year. the alternative minimum tax perma
we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600...
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juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. because for every 2 pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ juliet: well-come back. 22 minutes past the hour. some quick headlines. everybody get ready to pay more in taxes. five new taxes g
juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my...
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so it is not so much going over the fiscal cliff as it is sort of just taking our foot off the gas for a while. and certainly one of the more memorable ways to ring in the new year for senators and their staffs here on capitol hill, the deal-making continued well into the night. the votes coming around 2:00 this morning. the bill passed 89-8. house speaker john boehner and his leadership team say they need to review the senate bill before they're going to put it up for a vote. now, that could happen late today or perhaps wednesday. in the deal approved by the senate, income tax rates will stay the same for most americans. individuals making $400,000 and coupled making $450,000 will see their taxes rise and the planned $24 billion in spending cuts to defense and defense tick programs have been delayed for two months. senators say it is a less than perfect plan but it's start. >> we don't think taxes should be going up on anyone but we all knew that, if we did nothing, they would be going up on everyone today. we weren't going to let that happen. each of us could spend the rest of the we
so it is not so much going over the fiscal cliff as it is sort of just taking our foot off the gas for a while. and certainly one of the more memorable ways to ring in the new year for senators and their staffs here on capitol hill, the deal-making continued well into the night. the votes coming around 2:00 this morning. the bill passed 89-8. house speaker john boehner and his leadership team say they need to review the senate bill before they're going to put it up for a vote. now, that could...
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and democrats in the senate have finally agreed to a compromise deal to avoid the fiscal cliff. >> but guess what? the house still has to look this whole thing over. what do you think they think? delia goncalves is live from capitol hill with the latest on the negotiations and a lot of people are saying mr. boehner is going to have a tough row to hoe coming up. good morning, delia. >> reporter: good morning. we know he had a very tough time passing his plan b through the house so we'll see if he's able to convince his congress members in the house to go along with this deal. but like you said, there's always a budget. and if -- always a butt. there -- always a but. this particular bill does not address any of the spending cuts. that certainly could be a problem when it heads over to the house a little later today. let's take a look at some video that was shot last night. the bill passed in the senate with an overwhelming 89-8 vote. around 2:00 p.m. the legislation keepthe bush era tax cuts for the majority of americans, all those in the middle class, raising taxes though oin comes over
and democrats in the senate have finally agreed to a compromise deal to avoid the fiscal cliff. >> but guess what? the house still has to look this whole thing over. what do you think they think? delia goncalves is live from capitol hill with the latest on the negotiations and a lot of people are saying mr. boehner is going to have a tough row to hoe coming up. good morning, delia. >> reporter: good morning. we know he had a very tough time passing his plan b through the house so...
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new to avoid thh fiscal cliff. 3 3 happy ewwyear!it's tuesday, january first.... 2013! 3 3 same sex couples usher in the new year...as a newlyweds! newlyweds!starting today... new year's day will have new right to marry. marry.at city hall... many gay marriage offically becomes legal in maryland.mayor stephanie rawlings --laae officiated the ceremony or a couple who had been together for 30 years.she says... it was an emotional night. incredibly meaningful night... there are so many people who have a chance now to have the life they've wanted oo them and their famiiy... that we chose equality overrhate. hate. sameesex couples in maryland have been able to get marriaae liccnses since december 6th, bbt they did not eeeffect untii this morniin. 33 in the eleventh hour.... the senate passes a bill to 89-8 vote. presiddnt n obama says the agreement is ccuntry" as patti ann r browne repoots... now thh legislation moves n to the house where it's future pncertain.certaii..- (pkg) sennte overwhelmingly in favor of leggslation to avert the fiscal cliff. vice president joe biden i
new to avoid thh fiscal cliff. 3 3 happy ewwyear!it's tuesday, january first.... 2013! 3 3 same sex couples usher in the new year...as a newlyweds! newlyweds!starting today... new year's day will have new right to marry. marry.at city hall... many gay marriage offically becomes legal in maryland.mayor stephanie rawlings --laae officiated the ceremony or a couple who had been together for 30 years.she says... it was an emotional night. incredibly meaningful night... there are so many people who...
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two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: five senate republicans voted no. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: th
two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000. president obama took credit for...
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while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes, the average american family would avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the r
while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would...
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cliff. but some republicans say this deal will only delay the enevidentible. we'll have that -- the inevitable. we'll have that side of the story coming up at 5:30. >> delia goncalves reporting live from capitol hill. >> you might call it progress, right? >> maybe not. >> something happened over there. >>> 5:04. time for the latest your money report. >> we'll let jessica decide if there's any progress or any news in business. >> good morning to you guys. happy new year and happy new year to everybody. the fiscal cliff of course has been the big albatross the last few months. a big sigh of relief for stocks on the last day of the year. the markets enjoyed a late day rally in the final session of 2012. that helped to push the dow to a solid gain for the year. checking these numbers, we can do this with a smile on our face for the year. the dow rows 7.3% -- rose 7.3%. nasdaq was up 16% for all of 2012. the s&p 500 climbed 13%. the dow closed at 13,104 after surging 166 points or 1.3%. that gain
cliff. but some republicans say this deal will only delay the enevidentible. we'll have that -- the inevitable. we'll have that side of the story coming up at 5:30. >> delia goncalves reporting live from capitol hill. >> you might call it progress, right? >> maybe not. >> something happened over there. >>> 5:04. time for the latest your money report. >> we'll let jessica decide if there's any progress or any news in business. >> good morning to you...
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america went off the fiscal cliff. vice-president biden came to the capital. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. >> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. ndelsman, nbc news. >> marylanders voted to approve same-sex marriage. kim dacey is live with the details. >> it was a historic night at city hall as the first same-sex couples did get married in special ceremony this morning. seven couples took their vows. the mayor performed first ceremony. she has marriage power. she married jim
america went off the fiscal cliff. vice-president biden came to the capital. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. >> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will...
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we're playing the waiting game right now here, waiting to see if the fiscal cliff deal worked out between vice president joe biden and senate republicans can pass in the house of representatives. later today. late last night, really early this morning, the republican leadership in the house released this statement. 9 house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members, and the american people, have been able to review the legislation. all right, ron myer is a spokesman for the conservative group american majority action. his group suggested speaker boehner resign for proposing his plan "b." that was awhile ago right now. he joins us now this morning. ron, i should say, we've had you on the show a number of times. one of the last times we had you on you correctly predicted very early that plan "b" was not going to pass in the house. that was the measure that speaker boehner proposed a few weeks ago. so i want to ask you today, as we're headin
we're playing the waiting game right now here, waiting to see if the fiscal cliff deal worked out between vice president joe biden and senate republicans can pass in the house of representatives. later today. late last night, really early this morning, the republican leadership in the house released this statement. 9 house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be...
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a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote -- the bill passed 89-8. shortly after the vote, president obama said while neither decembers nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. now, house speaker john boehner and his leadership team say they need it review the bill before putting it up for a vote. that could happen late today or perhaps wednesday. in the deal approved by the tonight, income tax rates will stay the same for most americans. individuals making $400,000 and couples making $450,000 will s
a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote --...
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boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news. bill, back to you. >> well, thanks, steve. >>> we have new details today on secretary of sate hillary clinton and the blood clot that has her hospitalized. the clot is located in a vein in a space between the brain and the skull, near her right ear. it did not cause a stroke or neurological damage. doctors say she's making excellent progress. the blood clot is related to a concussion clinton suffered earlier this month. it was discovered during a follow-up exam on sunday. >>> from amazing fireworks displays to ancient traditions in polar plunges folks around the world marked 2013 in their own unique way. nbc's kirk gregory take ace look. >> reporter: the first major city to sell brit 2013 was auckland, new zealand. in australia, a seven-ton fire work's dis
boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news. bill, back to you. >> well, thanks, steve. >>> we have new details today on secretary of sate hillary clinton and the blood clot that...
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passage is not at all certain. >> reporter: the fiscal cliff deal was down to the wire so why do you think lawmakers baited until the last minute? we've already gotten a lot of feedback on our facebook page about this topic. >> amy says nobody wants to compromise. they forgot what they learned in kindergarten, if you can't say anything nice, don't say anything at all and share with each other. >>> another big story we are following, gay marriage ceremonies are under way in maryland. some same-sex couples rang in the new year by taking their vows. they were able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex weddings are dead you would for today. that includes someone some at city hall in baltimore and a mass wedding event at the back walnut point inn. >>> maryland is allowing parents to freeze their child's credit in an effort to prevent identity theft. in virginia, it will be harder for state and local governments to take property in the name of eminent domain. >>
passage is not at all certain. >> reporter: the fiscal cliff deal was down to the wire so why do you think lawmakers baited until the last minute? we've already gotten a lot of feedback on our facebook page about this topic. >> amy says nobody wants to compromise. they forgot what they learned in kindergarten, if you can't say anything nice, don't say anything at all and share with each other. >>> another big story we are following, gay marriage ceremonies are under way in...
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leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the sequester-- $110 billion in automatic spending cuts in defense and domestic programs that begin at midnight. democrats want to postpone the cuts for a year or more. republicans for just a few months. >> i think there are some re
leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and...
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. >> we have in fact gone over the fiscal cliff. but lawmakers are working through the night on a deal to cancel the tax increases and spending cuts before they take effect. >> top republican leaders in the house say they'll vote on the agreement soon, and it could be on the president's desk in a day or two. we're now joined by karen travers in washington. hi, karen. >> reporter: good morning. it's after midnight and while we technically have gone over the fiscal cliff, some last minute arm twisting and negotiations may have provided a parachute. don't start popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> do you have a deal? >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. their agreement would permanently extend the bush tax cuts for individuals making under $400,000 and households under $450,000. raise the estate t
. >> we have in fact gone over the fiscal cliff. but lawmakers are working through the night on a deal to cancel the tax increases and spending cuts before they take effect. >> top republican leaders in the house say they'll vote on the agreement soon, and it could be on the president's desk in a day or two. we're now joined by karen travers in washington. hi, karen. >> reporter: good morning. it's after midnight and while we technically have gone over the fiscal cliff, some...
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half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly t
half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go...
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. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. hou
. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut....
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly t
half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go...
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and though we've now technically gone over the fiscal cliff, the senate is voting on a bipartisan compromise. the agreement which was hammered out by vice president joe biden and republican senate minority leader mitch mcconnell would extend tax breaks for people earning less than $400,000 a year or $450,000 for families. it would extend unemployment benefits for a year, and automatic federal spending cuts known as sequester will be delayed for two months and paid for with a combination of tax increases and spending cuts. as you can see, the motion that's taking place on the floor right now, that vote is taking place and we're waiting to hear what the results of that will be. now, in a meeting on monday, vice president biden spent 90 minutes selling the plan for senate democrats and he has said he is optimistic about the results of this and now we are waiting to see if it turns out that he was correct about that. we're joined now on the phone by congressional correspondent mike, who has a lot more insight into exactly what's taking place here. mike, happy new year to you. >> happy new year.
and though we've now technically gone over the fiscal cliff, the senate is voting on a bipartisan compromise. the agreement which was hammered out by vice president joe biden and republican senate minority leader mitch mcconnell would extend tax breaks for people earning less than $400,000 a year or $450,000 for families. it would extend unemployment benefits for a year, and automatic federal spending cuts known as sequester will be delayed for two months and paid for with a combination of tax...
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. >> don't start popping the champagne yet but tonight a major step to avoid the fiscal cliff. after days of intense negotiations white house and senate republicans reached a deal and vice president biden went up to the capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out a way forward with mcconnell. the agreement would permanently extend the bush tax cuts for individuals making under 40 400,000 holding making under 4 50,000. raise the estate tax valued at more than 5 million dollars and extend unemployment benefits for 1 year for some two million people. and those automatic spending cuts go into effect in the new year postponed for two months. and paid for by other spending cuts. house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes afternoon american family avoid tax increase of more than 3400 dollars. . officials told that you say this is a compromise so we don't love it but it's the right thing to do for the economy. karen travers
. >> don't start popping the champagne yet but tonight a major step to avoid the fiscal cliff. after days of intense negotiations white house and senate republicans reached a deal and vice president biden went up to the capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out a way forward with mcconnell. the agreement would permanently extend the bush tax cuts for individuals making under 40 400,000 holding...
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will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we undetand the connections of a comple global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with cfidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: in the mid of all the fiscal cliff frustration there is actually a silver lining. if your knew year's resolution to purchase a house you may be in luck. on again, off again deal may be pushing mortgage rates even lower. average fixed year is.35%, that is according to freddie mac. that may not be the bottom. with me team invements president and founder. we appreciate you be
will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we undetand the connections of a comple global economy. it's just one reason over 75% of our mutual funds beat their...
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. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late to
. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might...
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will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to avoid. late monday evening vice president joe biden and senator harry read headed to the capitol to brief democrats on a deal worked out between congressional leaders and the white house to prevent across the board spending cuts and tax hikes. >> i think that this is a modest goal that we connect ambush. democrats, republicans in congress set to get this done. this is a modest goal that we can accomplish. >> reporter: for a tax hike for couples earning more than 450-thousand dollars a year. that's a compromise. between what the president wanted and wh
will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to...
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. >> john boehner said lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> it is disgusting, and everybody involved should be embarrassed. >> the economy could take a hit, but senate leaders spoke to counter that with the rare, strong bipartisan vote. >> house republicans could still reject the deal to keep america off the cliff. steve handelsman, debby l. tv 11 news. >> with all that said, we still need -- tv 11 news. >> we are still about an hour away from january 1, 2013. one of the hot spots to be tonight is the inner harbor. sarah samson joins us live from there. i assume the excitement is still building down there. >> absolutely. the crowds have been picking up over the last hour or so. there is lots of enthusiasm out here, with less than 60 minutes to go before downtown baltimore wellcome's 2013. whether they came by water or stay on land, according to organizers, tens of thousands are ringing in 2013 at the baltimore city and new year's spectacular. it is hard to miss the enthusiasm. >> this is my first time without my children. i could not be ha
. >> john boehner said lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> it is disgusting, and everybody involved should be embarrassed. >> the economy could take a hit, but senate leaders spoke to counter that with the rare, strong bipartisan vote. >> house republicans could still reject the deal to keep america off the cliff. steve handelsman, debby l. tv 11 news. >> with all that said, we still need -- tv 11 news. >> we...
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if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with huge tax hikes if lawmakers cannot find common ground. second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a deal. spending would be reduced in areas such as health care which democrats oppose. the defense budget would also be cut. republicans are against that happening. the u.s. congressional budget office says the sudden belt-tightening could cause negative growth by the fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens. the european and japanese economies are losing steam. economists are focusing on whether leaders can avoid the fiscal cliff and keep
if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with huge tax hikes if lawmakers cannot find common ground. second component of the...
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we begin with late word that the white house and republicans have reached an agreement on the fiscal cliff, the deal includes a tax hike for u.s. households making for than $250,000 a year. joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted taxes to go up on couples making $250,000. this deal is a concession as it increases on households. >> it has been clearly a g ood- faith negotiation. we all want to protect taxpayers and we can get it done now. >> reporter: a sticking point is a sequester. more than a trillion dollars in social programs, they say that the market needs structure and certainty, not haggling. it could take a hit if the deal falls a part. with hi
we begin with late word that the white house and republicans have reached an agreement on the fiscal cliff, the deal includes a tax hike for u.s. households making for than $250,000 a year. joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back...
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so that they're not giving up what the tax revenue could be from the fiscal cliff, in order to just let the republicans take a big chunk out of social security and medicare and without having to compromise further. >> what do you think about the fact that the house left for the night and will be back at noon tomorrow? but the senate really decided to stick this out. whether they vote or not, they're writing the bill right now. what was their incentive to stick around and try to hammer this thing tonight? >> well, for one thing, when they actually finish it tonight, they can leave. i think there is a desire, certainly among vice president joe biden and minority leader mcconnell and majority leader reid, to show they can do this. in this area, there is a center of leading, the senate likes that they can actually get it done. if they can get it done tonight on the eve of of the fiscal cliff, they can actually say they were able to get it done before we went over the cliff. that they were not so deeply, deeply irresponsible that they actually let us go over the cliff, to hammer a deal out.
so that they're not giving up what the tax revenue could be from the fiscal cliff, in order to just let the republicans take a big chunk out of social security and medicare and without having to compromise further. >> what do you think about the fact that the house left for the night and will be back at noon tomorrow? but the senate really decided to stick this out. whether they vote or not, they're writing the bill right now. what was their incentive to stick around and try to hammer...
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cliff. he reassured liberal democrats that he hadn't given away too much but irritated republicans when he took a job. >> one thing we can count on with respect to this congress is that there is even one second left before you have to do what you were supposed to do, they will use that last second. >> i guess i have to wonder and i think the american people have to wonder whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> and some respecttempers are flaring at this stage in the game. the deal as we know is so far is this individuals making $400,000 a year and families making over ford and 50,000 will see their taxes rise to 39.6% i have families who are worried about unemployment benefits and i have friends who are facing pretty hard times. the senators are expected to vote on a deal by midnight both sides saying they are willing to negotiate even though it may be painful. on tuesday american stand to lose a lot
cliff. he reassured liberal democrats that he hadn't given away too much but irritated republicans when he took a job. >> one thing we can count on with respect to this congress is that there is even one second left before you have to do what you were supposed to do, they will use that last second. >> i guess i have to wonder and i think the american people have to wonder whether the president really wants this issue resolved or is it to his short-term political benefit for us to go...
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. >>> right off the top, breaking news from capitol hill, just two hours from the fiscal cliff deadline the white house has reached adeal with congressional republicans. which thanks for joining us tonight. i'm maureen umeh. the deal would delay harsh spending cut for two months, but it appears the house will not vote before tonight's midnight deadline. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place. we can do this. we must do this. >> reporter: though it is down to the wire. >> it's december the 31st! january 1st is tomorrow, 2013, taxes go up. >> reporter: a frustrated senator john kuhn said the senate should have acted months ago to keep the economy from going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together basically to resolve this. >> reporter: the two people were senate republican le
. >>> right off the top, breaking news from capitol hill, just two hours from the fiscal cliff deadline the white house has reached adeal with congressional republicans. which thanks for joining us tonight. i'm maureen umeh. the deal would delay harsh spending cut for two months, but it appears the house will not vote before tonight's midnight deadline. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the...
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cliff is going to hit soon and this is the best deal we are quite yet. after that comment on the house republicans and house democrats that will need both of them to come up and vote for this thing, to get through on the house. the schedule is still a little murky. we don't know when the senate will vote on this. it will likely go first here in the senate, and then it is up to the house and the pressure is beginning to get signoff on this thing. >> that seems to be the big question. we have the video of the podium which is where we hope to get some kind of statement from someone in the senate. but it's the house leadership, nancy pelosi will have to sell liberal democrats on the idea. but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and
cliff is going to hit soon and this is the best deal we are quite yet. after that comment on the house republicans and house democrats that will need both of them to come up and vote for this thing, to get through on the house. the schedule is still a little murky. we don't know when the senate will vote on this. it will likely go first here in the senate, and then it is up to the house and the pressure is beginning to get signoff on this thing. >> that seems to be the big question. we...
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i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour trying to finalize a deal. trying to move legislation forward that had been negotiated between vice president biden and senate republican leader, the minority leader mitch mcconnell. whether they can get the votes to pass the senate, whether that can then go to the house tomorrow and possibly get the votes to pass the thousand, those are all questions but one thing is clear, the u.s. is going technically over the fiscal cliff tonight set up at midnight. whether washington can stop the economic disaster that may come before wednesday when the markets would have the first chance to react to if something fell apart, that is really the question that the world is watching for. joining me now on the phone, chris stirewalt. you take on all of this as this back and forth has happened and what we are seeing tonight? >> bret, when we look back at how this started we think about the republicans coming back to town after the election, john boehner coming back and
i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour trying to finalize a deal. trying to move legislation forward that had been negotiated between vice president biden and senate republican leader, the minority leader mitch mcconnell. whether they can get the votes to pass the senate, whether that can then go to the house tomorrow and possibly get the votes to pass the thousand, those are all questions but one...
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and the prime minister the minister for industry all had different theories about what to do and how to try
with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed...
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cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devasta
cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be...
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a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen the piece of legislation move forward, the specifics. as you look live, vice president biden walked into the democratic caucus meeting there just beyond where the reporters are standing there by the microphones and said happy new year, happy new year, isn't it great that you all are here tonight. so what about this deal that is shaping up? the house will not be taking it up tonight. they have adjourned for the night and they will reconvene in 2013. actually you noon tomorrow the house will come back. essentially the u.s. will go over the fiscal cliff. but what about this deal that is shaping up and
a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen...
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a senate democratic aide just announced there is a deal on the board avoiding the fiscal cliff that will raise taxes for just about everybody. the white house and republicans reached some sort of compromise this, is a live shot from vice president. the vice president is on his way to the capitol to meet with democrats to get them to sign off. and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it good use. i'm michael finney. 7 on your side is coming up. >> they're cutting edge. i think they're doing things differently going shake up the world. >> the young businessman making a name for themselves in wine country. they're not afraid of labels. >>> anybodying to the g
a senate democratic aide just announced there is a deal on the board avoiding the fiscal cliff that will raise taxes for just about everybody. the white house and republicans reached some sort of compromise this, is a live shot from vice president. the vice president is on his way to the capitol to meet with democrats to get them to sign off. and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring...
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gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget cmittee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's abou? >> i'm not exactly sure. unless they're having some type of problem with e spending side of the equation, i never have reached some type of agreement on taxes, but know that makes mcconnell was working with vice-presidentbiden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a cople. permanent patch to anc, the alterna
gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget cmittee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's...
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after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the grounds of the nation's capital. he is in there right now briefing members of the democratic caucus about the details and here are some of those details. the sequester which is supposed to take place tonight the automatic spending cuts have been put off for two months to give democrats and republicans, the white house and congressional leaders time to work out a longer deal. but right now, they have one that will at least avoid the nation and the economy going off that so-called "fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge
after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the...
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cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's going to be, as they say here, they're going to get stuck with this bill and they're not going to have any other choice but to bring it up and probably pass it. >> can we assume, dana, that the senators, maybe even the vice president, will emerge from the meeting that is under way right now and come to the microphones that are near you? >> i would love to say yes, but we're getting some signals from democratic leadership sources that harry reid will probably not come and talk to us. however, i have seen this movie before. we're told that h
cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's...
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if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with huge tax hikes if lawmakers cannot find common ground. second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a deal. spending would be reduced in areas such as health care which democrats oppose. the defense budget would also be cut. republicans are against that happening. the u.s. congressional budget office says the sudden belt-tightening could cause negative growth by the fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens. the european and japanese economies are losing steam. economists are focusing on whether leaders can avoid the fiscal cliff and keep
if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with huge tax hikes if lawmakers cannot find common ground. second component of the...
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will go over the fiscal cliff which could trigger across-the-board sex increases and billions in spending cuts. however, there is hope for a soft landing. eadate republican leader mitch odaynnell and president obama said today a deal was close. yut late in the day house leaders announced they will not ote on a deal tonight. aiey're waiting for the senate. enswhat happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax icans.or 99% of americans. on they are hung up on one key looksing issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his mcconnthe-clock negotiations with vice president biden had t id off. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cu
will go over the fiscal cliff which could trigger across-the-board sex increases and billions in spending cuts. however, there is hope for a soft landing. eadate republican leader mitch odaynnell and president obama said today a deal was close. yut late in the day house leaders announced they will not ote on a deal tonight. aiey're waiting for the senate. enswhat happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you,...
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goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack
goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal....
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we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about $500 billion, which you don't think is sufficient nlt. but if you're not prepared to see taxes raised on the middle class, you want this threshold to be lower, and you're not really that interested in entitlement cuts, you made that pretty clear, where actually do you deal with curtailing the growth in the deficit and the debt? >> i go first of all to military defense cuts. we have a bloated military. our military right now, our military spending is larger than the next 13 military budgets, the next 13 nations put together. i would also go after co
we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about...
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even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get
even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would...
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cliff most people in this country are going to blame republicans are going to blame republicans for trying to protect the wealthy in this country they're not there hasn't obama has one of the highest approval ratings he's had in quite a while let's not forget he just won reelection so i mean do you think that a whole lot of people on the left may they might even be celebrating at this point i think there are you when the president put up the changes to social security to you to a chain c.p.i. which would reduce benefits for. future seniors and search through your present reparative recipients progress is were extremely angry and luckily republicans killed it because it didn't quite go far enough for them so they dodged dodged that bullet but you're mentioning polls here congress' ten percent approval rating part of the reason why is because they're not doing what the people want if you look at polls when it comes to raising taxes over two hundred fifty thousand dollars people maybe make a return of fifty thousand seventy five percent american people support that we look at but yeah
cliff most people in this country are going to blame republicans are going to blame republicans for trying to protect the wealthy in this country they're not there hasn't obama has one of the highest approval ratings he's had in quite a while let's not forget he just won reelection so i mean do you think that a whole lot of people on the left may they might even be celebrating at this point i think there are you when the president put up the changes to social security to you to a chain c.p.i....